Quick facts: Pratt, KS

Quick Facts

97.6
Cost of Living
below US average
9,067
Population
23.16
Crime Rate per 1000
above US average
$61,685
Median Income
below US average
$159,500
Median House Price
above US average
$1299
Average Rent
below US average
12%
Poverty Rate
above US average
3.1%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $61,685.

🏠

Income Needed to Buy

βœ“ Affordable
$50k/year
Based on $159,500 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($61,685) exceeds requirement
🏒

Income Needed to Rent

βœ“ Affordable
$56k/year
Based on $1299/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($61,685) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Pratt, KS

Pratt, Kansas, is a small city located in the central part of the state, known for its friendly community and rich history. Established in the late 19th century, Pratt serves as the county seat of Pratt County and boasts a population of around 6,500 residents. The city is situated along the historic Santa Fe Trail and offers a blend of rural charm and small-town hospitality. Pratt is characterized by its beautiful parks, such as Lemon Park, which features walking trails, playgrounds, and picnic areas. Culturally, Pratt is home to various events and festivals throughout the year, including the Pratt County Fair and local art shows, highlighting the artistic spirit of the community. The city also has a strong emphasis on education, with several public schools and Pratt Community College, which offers various degree programs and vocational training. Outdoor enthusiasts can take advantage of the nearby natural attractions, including the scenic landscapes of the Kansas Flint Hills and the recreational opportunities at local lakes and parks, making Pratt an enjoyable place for both residents and visitors.

πŸ” Search & Compare Places

First Location πŸ“